Ginnie Mae Expands Pass-Through Assistance Program to Prevent Liquidity Shortfalls
Ginnie Mae has released guidance on its previously announced liquidity support program, which issuers can request an advance from Ginnie...
Newsbytes
Nichols to Small Businesses: Reach Out to Your Lender for Coronavirus Assistance
Despite a choppy start to the Small Business Administration’s Paycheck Protection Program over the past week, ABA President and CEO...
SBA, Treasury Provide Guidance on Final Authorization of PPP Loans
The Small Business Administration and the Treasury Department last night updated their Paycheck Protection Program FAQ document to address a...
CFPB Provides Remittance Rule Relief Through 2020
As part of its policy response to the coronavirus pandemic, the Consumer Financial Protection Bureau today said it would provide...
Rep. Kustoff Flags Technical Complication with SEC Interpretation of CECL Delay
In a letter to SEC Chairman Jay Clayton this week, Rep. David Kustoff (R-Tenn.) urged the agency to rethink its...
Quarles: Fed to Consider Performance Through Pandemic in Stress Tests
The Federal Reserve will incorporate banks’ performance in the economic fallout of the coronavirus pandemic into the ongoing 2020 stress...
Treasury, IRS: Economic Impact Payments to Begin Next Week
As required by the CARES Act, the Treasury Department and the IRS will begin issuing economic impact payments to Americans...
Agencies to Incorporate CARES Act Changes into March 31 Call Report
In a letter to bank CEOs last night, the federal banking agencies restated that they would not take action against...
Fannie, Freddie Revise Coronavirus Servicing Guidance to Reflect CARES Act Changes
Fannie Mae and Freddie Mac have issued updates to their servicing guidelines for servicers working with borrowers affected by the...
Nichols Discusses Industry Progress on PPP Loans in Bloomberg Radio Interview
The nation’s banks are playing a vital role in delivering coronavirus relief funds to struggling businesses, American Bankers Association President...
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